"Combined with increases in the workweek and hourly earnings, the employment gain points to an economy that is strengthening into the end of the year. Economists at Morgan Stanley raised their tracking estimate for fourth-quarter growth to 3.5 percent from 2.5 percent today, in part due to an improving outlook for consumer spending.
Before adjusting for seasonal variations,
the payroll count last month climbed by 919,000, the biggest October gain since 2004, today’s report showed. “The October gain is the biggest we’ve seen in a while, so that strength was spread back to August and September,” Chris Manning, the national benchmark branch chief at the Bureau of Labor Statistics, said today in an interview. “If you reflected it all in October, it would have appeared that you had a big jump.”
http://www.bloomberg.com/news/2010-11-05/payroll-data-manipulation-may-have-hid-gain-of-240-000-jobs-greenlaw-says.html
